This use case even make any sense? | Bitcointalksearch.org

noormcs5

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Quote from: Gorosden on January 24, 2022, 02:54:40 AM

Do you know that there are many tokens that offers nothing but rewards when holding them? They most times ends with ---nomics you hold the tokens you get some altcoins in your wallet every 4hrs or so, what is your view on such projects?

Can you name some of those projects?

As i understand, you are referring to staking whereby by holding (or staking) the coins, you either get the same token/coin or you get some more established token as a reward. Such staking options are mostly available on the binance smart chain. I don't like such tokens because they have no use case and most of these projects come to an end without giving us the ROI for holding.

el kaka22

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Only rewards makes no sense of course. However we agreed to hold bitcoin which gives us nothing. If you look at a technological and financial standpoint, we increase bitcoin by buying more but we expect nothing else from it, we gain absolutely nothing from holding it. Only thing good about bitcoin is that we believe it will go up. So, when you say that a coin or token only promises rewards for holders and nothing more, even that is more than what bitcoin provides.

Basically the expectations from newer projects are higher than what we have for older projects, look at LTC, why is that even still remotely related? %90+ of all the successful projects that started out in 2021 can be seen as miles better than LTC, but people expect less from it. So, it is not about what the project provides, it is about what you expect from it and we expect more from new projects.

Alanaz

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On the other hand the altcoins that are given to us are just decoration because they are not valuable Cheesy

I don't know what other people call it but I personally don't like this kind of thing because this is something that doesn't make sense to me.
i'd rather look and be on an old project but get something sure compared to being sent altcoins every few hours but not worth it at all

QueenVera

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Quote from: Gorosden on January 24, 2022, 02:54:40 AM

Do you know that there are many tokens that offers nothing but rewards when holding them? They most times ends with ---nomics you hold the tokens you get some altcoins in your wallet every 4hrs or so, what is your view on such projects?

Majority of the tokens created and yet to be created would be worthless on the long run, this strategy you mentioned is just a way to keep investors trusting their money to them in expectation of high reward in future. Investing in projects like this are very risky they are many of them so the chances of them getting dump is very high.

Do not invest just because a project promise you airdrops or burning. The airdrop would obviously be pennies or worthless tokens that they might create themselves and airdrop it to their holders just to fullfil their promise to make more investors to get attracted to the project.

wheelz1200

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Quote from: Gorosden on January 24, 2022, 02:54:40 AM

Do you know that there are many tokens that offers nothing but rewards when holding them? They most times ends with ---nomics you hold the tokens you get some altcoins in your wallet every 4hrs or so, what is your view on such projects?

Reread what you wrote, it's clear to see the only answer. If a certain token only exists to be able to provide you more tokens what's the point. Those are 99% all scary or just built for the devs to get more btc/eth. Those coins/tokens are holding back other great projects. In a bull market people give on them and give them value but once we are in a full bear it's over and they disappear forever.

Refrumatrix

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The most useful use case in crypto space is smart contract others just drags along and those like PoS coins have nothing big to offer than making APY while holding them to me it's nonsense, same as these ones you talking about you need to stay away from them.

tyz

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Quote from: btcltcdigger on January 24, 2022, 03:21:23 AM

Quote from: Gorosden on January 24, 2022, 02:54:40 AM

Do you know that there are many tokens that offers nothing but rewards when holding them? They most times ends with ---nomics you hold the tokens you get some altcoins in your wallet every 4hrs or so, what is your view on such projects?

It's called a Ponzi scheme. The more you hold, the more you will get .... as long as enough people keep buying in and keeping it alive

Exactly! As long as prices keep rising, new investors will keep coming in, hoping that prices will continue to rise. But at some point, the house of cards will collapse. We currently see that especially those projects that do not have a solid foundation lose the most. It's just like in 2017/2018 when many projects that were worth billions in the meantime but had no business model or basis at all collapsed.

leea-1334

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Did you come late to crypto or something? The "staking" coins era came and left and then defi coins started pamping to show everyone that we all love a good coin with no use case other than to make more coins from it.

They never last,,, they never rise long term, they just die down unless their coin finds other utility like BNB did.

And to answer, no it does not make sense.

Raflesia

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Quote from: The Cryptovator on January 24, 2022, 07:48:48 AM

To me 99% of new projects are just useless like this, so need to avoid them. Just they introduce a few fucking concepts that even investors do not read at all. Due to some greedy investors, those who want to make money from pump dump these useless projects raise funds successfully. Personally, I do not invest in any brand new projects lately, because I believe all of them are just useless. Everyone just is thinking about raising funds, emptying our pockets, and filling the project owners' pockets. Usually, people like to play with luck hence scammers have been raising funds, I call them scammers because their intention is just to pull money from the market. There is no responsibility then and they forget about the investors. I am one of the victims even on an existing project. They don't care now even exchange delist them.

Projects that don't have a concept are really useless, I agree with that, and for those who invest in the project, they just want a pump and dump to produce it, my friends are stuck in this, I've also told them about the project without a concept but anyway they do it I think it's up to him but I've told and my experience how to invest in a project that has no concept at the end of the bullshit.
Look at the meme projects that keep coming, they all just want to fill the pockets of projects by using a pump when they enter the market.

The Cryptovator

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To me 99% of new projects are just useless like this, so need to avoid them. Just they introduce a few fucking concepts that even investors do not read at all. Due to some greedy investors, those who want to make money from pump dump these useless projects raise funds successfully. Personally, I do not invest in any brand new projects lately, because I believe all of them are just useless. Everyone just is thinking about raising funds, emptying our pockets, and filling the project owners' pockets. Usually, people like to play with luck hence scammers have been raising funds, I call them scammers because their intention is just to pull money from the market. There is no responsibility then and they forget about the investors. I am one of the victims even on an existing project. They don't care now even exchange delist them.

Doell

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offers like that make people bolder in investing but basically it's a ponzi scheme that will harm investors my advice is to be more careful in any offer because token projects that raise profits every month are not trustworthy ! I've often heard cases like this from the past didn't make sense and ended in chaos

HeadSh00t

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Quote from: cryptoaddictchie on January 24, 2022, 03:35:42 AM

Quote from: Gorosden on January 24, 2022, 02:54:40 AM

Do you know that there are many tokens that offers nothing but rewards when holding them? They most times ends with ---nomics you hold the tokens you get some altcoins in your wallet every 4hrs or so, what is your view on such projects?

Confuse which one you are talking about but if its same tokens it must be deflationary tokens that reward through buy and sell percentage to some dex and holders rip this benefits. Actually theres plenty of them but I dont think the deflationary feature is a scam. Its a process on smart contract being developed. Yes there are scammers who uses this approach.

i think he's talking about shit coin in bsc network, usually listed on pancakeswap and have 8% slipage or higher and half that slipage will return to holder, i'm not sure though.

makishart

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Quote from: Gorosden on January 24, 2022, 02:54:40 AM

Do you know that there are many tokens that offers nothing but rewards when holding them?

I do. Bunch of tokens in CMC are using this kind of method to attract investors to earn passive income from there by holding their tokens. I don't even wanna call this as use case. This is not related to the usability for the token but this is a passive ability for the token. The only problem is where such token get the passive income? in my opinion if majority of these tokens didn't have product and how is it possible to generate passive income to be distributed to the holders?

Quote from: Gorosden on January 24, 2022, 02:54:40 AM

They most times ends with ---nomics you hold the tokens you get some altcoins in your wallet every 4hrs or so, what is your view on such projects?

So what kind of altcoins? It's pretty similar like ponzi. Oh but that's ponzi scheme. This token will give you hourly payment by holding such asset. Don't join in this token. You may be scammed.

khiholangkang

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Quote from: timerland on January 24, 2022, 06:30:48 AM

Quote from: Gorosden on January 24, 2022, 02:54:40 AM

Do you know that there are many tokens that offers nothing but rewards when holding them? They most times ends with ---nomics you hold the tokens you get some altcoins in your wallet every 4hrs or so, what is your view on such projects?

You mean rebase tokens?

I don't think it's a rebase token, because if we hold the rebase token, the token will continue to decrease and we don't get any reward, I have held that token.

timerland

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Quote from: Gorosden on January 24, 2022, 02:54:40 AM

Do you know that there are many tokens that offers nothing but rewards when holding them? They most times ends with ---nomics you hold the tokens you get some altcoins in your wallet every 4hrs or so, what is your view on such projects?

You mean rebase tokens?

Most of them are essentially ponzi schemes that offer early adopters significantly higher rates of return compared to the latter ones.

As you said, there is virtually no practical use case for these tokens and as a result there is pretty much no long-term prospect for them. OHM forks are already dying out - just look at Klimadao, Wonderland and Olympusdao itself and their price action over the past few days.

TinaK

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Quote from: Gorosden on January 24, 2022, 02:54:40 AM

Do you know that there are many tokens that offers nothing but rewards when holding them? They most times ends with ---nomics you hold the tokens you get some altcoins in your wallet every 4hrs or so, what is your view on such projects?

A marketing strategy right?

It could be a trap of something like they said above, it's a Ponzi scheme.
Yes, it doesn't make any sense because it looks like a very suspicious project, if I were you, just invest in the coin that has potential and that will surely gain profit at the end.

Bttzed03

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I have not heard of tokens ending in nomics but I remember some tokens starting with baby which also rewards holders some popular tokens. The first I encountered was babycake (you get Cake as a reward). It was quite obvious from the start that such system is not sustainable. Funny how some of their promoters hype/defend such tokens before they exit Grin

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Quote from: Gorosden on January 24, 2022, 02:54:40 AM

Do you know that there are many tokens that offers nothing but rewards when holding them? They most times ends with ---nomics you hold the tokens you get some altcoins in your wallet every 4hrs or so, what is your view on such projects?

It's non-sense. Many of those 'deflationary' shitcoins have that. Always telling you to hold it 'til you make it. What's worse is if you even try to sell it, you'll get slapped with a fee that often ranges from 10% to 15%. LMAO
If one would choose to hold any of the Top cryptos like Bitcoin then that would make sense but if it is just another shitcoin that just started up with no visible team, no clear roadmap (just telling you to hold the token until you get greens), no viable utility (just burning the hell out of the overall supply), then, that's a big no. I'd rather buy a piece of truffle and enjoy it on my dinner plate than purchase those shitcoins.

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Quote from: Gorosden on January 24, 2022, 02:54:40 AM

Do you know that there are many tokens that offers nothing but rewards when holding them?

I know that and so many of these coins are garbage coins. These coins are offering dividends for those who have been holding their coins in their wallet. These coins didn't have a utility use case and were created by scammers with bullshit promises. The scammers are using the fund raised from the funding to distribute rewards to the holders just for temporary but scammer will have gone with all of the money after scammer makes the investors feel confident with their shit token. They are always hoping to receive dividends easily.

Quote from: Gorosden on January 24, 2022, 02:54:40 AM

They most times ends with ---nomics you hold the tokens you get some altcoins in your wallet every 4hrs or so, what is your view on such projects?

If the reward will come from the supply that was already allocated for the community reward that's fine but when it was coming in a different form like a major coin or something else you must be careful with this. The project sounds so shady for me but who knows about that. Always be careful when investing in the shitty coin that offers BS promise like that.

Reid

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Okay so Williamm07 may have stretched the details about it and gave me a better idea. Thanks. Never heard about this coins, I guess what we are following are way different because you end up with this type of coins.
There's no such thing as just claiming every 4 hours. Until when? You get 90% ROI and they start telling you to add more if you want to continue the claiming? That's obviously a scam attempt, an old one. If we don't learn from the mistakes of our veterans then we will be worst than them. I'd recommend to stay away from "too good to be true" projects. You are just risking your money here and may just cause you harm.

Williamm07

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They are scam, I invested in one not gonna lie the name is axienomics they reward holders with axie infinity every few hours in a day but this project has nothing good to offer, once I saw a good exit I took my profit and move on now the project have lose tons of value just as expected, do not invest money on such tokens they are Ponzi schemes

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Quote from: Gorosden on January 24, 2022, 02:54:40 AM

Do you know that there are many tokens that offers nothing but rewards when holding them? They most times ends with ---nomics you hold the tokens you get some altcoins in your wallet every 4hrs or so, what is your view on such projects?

Confuse which one you are talking about but if its same tokens it must be deflationary tokens that reward through buy and sell percentage to some dex and holders rip this benefits. Actually theres plenty of them but I dont think the deflationary feature is a scam. Its a process on smart contract being developed. Yes there are scammers who uses this approach.

KaliLinux

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Quote from: btcltcdigger on January 24, 2022, 03:21:23 AM

Quote from: Gorosden on January 24, 2022, 02:54:40 AM

Do you know that there are many tokens that offers nothing but rewards when holding them? They most times ends with ---nomics you hold the tokens you get some altcoins in your wallet every 4hrs or so, what is your view on such projects?

It's called a Ponzi scheme. The more you hold, the more you will get .... as long as enough people keep buying in and keeping it alive

So my question will be, what is the value of the Altcoin the holder will be getting? is it worth the process? if by calculation whatever will be coming into your wallet could come off as a profit for the coins you are holding then this is worth the risk which is part of crypto but regardless, I don't see me investing in such anyways cos I like to really minimize my risk Grin

btcltcdigger

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Quote from: Gorosden on January 24, 2022, 02:54:40 AM

Do you know that there are many tokens that offers nothing but rewards when holding them? They most times ends with ---nomics you hold the tokens you get some altcoins in your wallet every 4hrs or so, what is your view on such projects?

It's called a Ponzi scheme. The more you hold, the more you will get .... as long as enough people keep buying in and keeping it alive

Gorosden

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Do you know that there are many tokens that offers nothing but rewards when holding them? They most times ends with ---nomics you hold the tokens you get some altcoins in your wallet every 4hrs or so, what is your view on such projects?

Topic: This use case even make any sense? (Read 191 times)